Difficult year for global investors

The official start to the millennium saw plenty of volatility in world markets with the emphasis on the downs rather than the ups. While much of the back half of the year has focused on the terrorist acts perpetrated on the US on 11 September and the subsequent war, economists had been saying since the start of 2001 that global markets were contracting. The bear market has led to variances in fund performance over the course of the year with UK Income funds regaining some of their previous popularity and bond funds returning to the fore. Still, investment houses have not stayed their p...